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Viewing 12 posts - 16 through 27 (of 27 total)
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  • July 1, 2016 at 12:23 PM #799265
    SK in CV
    Participant

    [quote=moneymaker]Bloomberg says silver is at $19.84, higher than kitco says on their website.[/quote]

    It really does change second by second. I’m not familiar with kitco, but if you’re not watching a live quote, it’s likely to be inaccurate. This moment, spot silver futures are at $19.94.

    July 1, 2016 at 12:29 PM #799266
    moneymaker
    Participant

    Yep that is what Bloomberg shows. I should probably start selling. Did you mean spot? Futures is something else,right. On kitco http://www.kitco.com/charts/livesilver.html it shows silver going straight up.

    July 1, 2016 at 12:39 PM #799267
    SK in CV
    Participant

    [quote=moneymaker]Yep that is what Bloomberg shows. I should probably start selling. Did you mean spot? Futures is something else,right. On kitco http://www.kitco.com/charts/livesilver.html it shows silver going straight up.[/quote]

    Effectively, the same thing. The spot price is the current front month futures contract price. I know a lot of sites will tell you right up front that spot and futures are not the same. And they’re not. Exactly. Because there are futures contracts for every month. But spot IS the same as the front month future. It was going up, back down the last few minutes. Trading closes at 5 EDT.

    July 1, 2016 at 12:48 PM #799268
    moneymaker
    Participant

    Yes 2PM west coast time, then no markets are open for 60 minutes so the price can’t change during those 60 minutes, right!?

    July 1, 2016 at 12:57 PM #799269
    SK in CV
    Participant

    [quote=moneymaker]Yes 2PM west coast time, then no markets are open for 60 minutes so the price can’t change during those 60 minutes, right!?[/quote]

    Right, and the delta for the day resets when it reopens. Except on Fridays. It closes for the weekend, reopens, I think either 3:00 or 4:00 California time on Sunday. US holidays screw things up. I’m sure they’ll reopen this Sunday. But they might close 6:00 AM on Monday. Or they might not. That might just be what US market futures do. Metals futures probably stay open.

    July 1, 2016 at 1:06 PM #799270
    OwnerOfCalifornia
    Participant

    Wow, silver is just ripping this week. It makes one of those silver short ETFs look mighty tempting, but I never have the giblets to execute.

    My physical buying of both gold and silver is definitely on hold.

    July 1, 2016 at 4:15 PM #799279
    moneymaker
    Participant

    Closed today at $19.75, I almost went and sold mine, but decided to wait and see if China’s deleveraging has any effect.

    July 3, 2016 at 6:29 PM #799299
    Coronita
    Participant

    It appears silver crossed $20/ounce. Dangit… Sold my SLV and NUGT way too early… I can never seem to catch the big whale.

    July 6, 2016 at 10:49 AM #799337
    Coronita
    Participant

    Looks like platinum is starting to move up. $1086 now

    July 29, 2016 at 6:14 AM #800075
    Coronita
    Participant

    Platinum prices looks like they are taking off… Approaching $1150/ounce. Gold seems to have a met a ceiling. Haven’t seen above $1400/ounce.

    July 29, 2016 at 11:12 AM #800083
    moneymaker
    Participant

    Sold all my silver am still holding the gold. WTSHTF China will buy gold and it will spike (that’s my theory and I’m sticking to it).

    August 2, 2016 at 6:21 AM #800162
    Coronita
    Participant

    Gold broke through $1360/ounce
    Platinum up to $1170/ounce
    Silver is over $20.60

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